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SJP Properties Sells Retail Property On Amsterdam Avenue, NYC For $4.9M, Buyer's Rep Marshall Real Estate

Property Image
SOLD
$4,900,000
Elliot Dennis
Matthew Marshall

New York

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Condo2,059 SF
Sold 01/30/2023
the dealplayerscompscontact
Property Image
SOLD

SJP Properties Sells Retail Property On Amsterdam Avenue, NYC For $4.9M, Buyer's Rep Marshall Real Estate

200 Amsterdam Avenue

See Similar Deals
Condo2,059 SF
Sold 01/30/2023
Elliot Dennis
Matthew Marshall
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,379
Total Square Footage:2,059 SF
Transaction Type:Sale

Located at 200 Amsterdam Avenue in New York City, this retail property was recently sold in a closed transaction. The property spans across 2,953 square feet and was sold by SJP Properties.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $4,900,000
  • Square Footage: 2,953
  • Price per Square Foot: $1,659
  • Address: 200 Amsterdam Avenue, New York City

The buyer's representative for this transaction was Matthew Marshall from Marshall Real Estate, while the seller was represented by Elliot Dennis from The Corcoran Group.

This closed transaction offers insight into the successful deal-making that takes place in the New York City market. The involvement of experienced real estate professionals such as Matthew Marshall and Elliot Dennis further highlights the expertise that contributed to the completion of this sale.

Players

Matthew Marshall
Marshall Real Estate
Matthew Marshall
26 deals$144.4M volume
BROKER
Elliot Dennis
The Corcoran Group
Elliot Dennis
3 deals$6.9M volume
BROKER
SJP Properties
SJP Properties
SELLER

Details

SOLD
IMAGE: Elliot Dennis & Matthew Marshall DATE: 01/30/2023 ADDRESS: 200 Amsterdam Avenue MARKET: New York City ASSET TYPE: Retail SELLER: SJP Properties BUYER'S REP: Matthew Marshall - Marshall Real Estate (@MreNYC) SELLER'S REP: Elliot Dennis - The Corcoran Group SALE PRICE: $4,900,000 SF: 2,953 ~ PPSF: $1,659

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$261,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00